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U.P. State Sugar Corporation, Appellant; V. Sumac International Ltd., Respondent., 1997-(001)-SCC -0568 –SC
Fraud:
Para 16: Clearly, therefore, the existence of any dispute between the parties to the contract is not a ground for issuing an injunction to restrain the enforcement of bank guarantees. There must be a fraud in connection with the bank guarantee. In the present case we fail to see any such fraud.
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